Tech
How Lowe’s Is Competing With Home Depot
The American home is undergoing a makeover during the Covid-19 pandemic, and home improvement giant Lowe’s is reaping the benefits from it.
Since the start of the pandemic, Lowe’s has five straight quarters of double-digit revenue growth on a quarter-over-quarter basis. The company’s bottom line has also gotten a boost. On Aug. 18, the company reported a second-quarter profit of $3.02 billion, or $4.25 per share. That’s up 6.7% on a year-over-year basis from $2.83 billion.
“More so than anytime in our life the home is being reimagined,” Lowe’s CEO Marvin Ellison said September 15, 2020. “The home is multi-purpose more so than ever, it’s a work-from-home space, it’s a homeschooling space and its a predominant space for entertainment and recreation.”
But with consumer discretionary spending shifting toward entertainment and travel as Covid restrictions ease, will Lowe’s and rival Home Depot be able to maintain their momentum? And what happens to the do-it-yourself home improvement market once the pandemic subsides?
Watch the video to find out what’s next for Lowe’s.
Chapters:
00:00 — Intro
01:58 — History
05:20 — The home improvement market
10:04 — Focus on home professionals
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Produced and Edited by: Ryan Baker
Camera by: Jeniece Pettitt
Reporter: Michael Wayland
Animation by: Jason Reginato
Senior Managing Producer: Tala Hadavi
Additional Footage: Hyundai
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@vision101able
January 9, 2024 at 8:32 am
LOWES SUCKS!!! 1st they tried to steal my warranty refund, now they are refusing to refund me for the broken drier they picked up July 21st. 22 DAYS AND STILL WAITING FOR REFUND!!! LOWES SUCKS!!!
@kennethcarrier6739
January 9, 2024 at 8:32 am
Lowe’s supports black face, they support stolen valor also. if Lowe’s had a baby it would single handily legalize abortions…. Post pregnancy… Lowe’s will bend you over and spit in your face. Shop at home depo…
@2guysfishing198
January 9, 2024 at 8:32 am
Boycotted!
@alfredhitchcock45
January 9, 2024 at 8:32 am
I never thought of it before the only ones benefiting from a disaster is hardware stores like them
@addisonsmith7949
January 9, 2024 at 8:32 am
What about contractors?
@darylmclain5181
January 9, 2024 at 8:32 am
Need to look into store manager in syracuse ny
@RichardBarron_
January 9, 2024 at 8:32 am
Dang she is so nervous
@jonathanvasquez-mv9ic
January 9, 2024 at 8:32 am
Defy tv pursavoiur lows astronomer
@randybaumery5090
January 9, 2024 at 8:32 am
The Lowes number 1822 in Opelousas Louisiana plain old sucks, and should fire its current management!!
@nattaphonj956
January 9, 2024 at 8:32 am
Every company exist to make money. That’s a bottom line.
@Red_imposter666
January 9, 2024 at 8:32 am
Looking for cyderblocks
@mikemcelrath7721
January 9, 2024 at 8:32 am
No more lowes for me. I refuse to be a check out person banker bager etc
@zioluigi32137
January 9, 2024 at 8:32 am
Lots pizza overn
@juniort9928
January 9, 2024 at 8:32 am
Lowes is the best for sure
@FirstDream7
January 9, 2024 at 8:32 am
WOOOW AMAZING!!!🤔
@adampaulsen6211
January 9, 2024 at 8:32 am
I remember when I was a kid Lowe's Hardware in Boone, NC used to sell Super Nintendo Video games for variable prices behind locked glass cases near the front of the store. My mom and dad don't remember but I do. Yoshi's Cookie was selling for at least $40. .
@tcidolfan
January 9, 2024 at 8:32 am
I live in Benton Harbor, Michigan and we have both Lowe's and Home Depot. Now if you were to ask me which one my family shops the most, for trash bags, we go to Home Depot. For most everything else, we're a Lowe's family. Tools, appliances, etc. Just last week I've picked up four packs of lawn bags from LOWE'S!!!
@LS-ys8nr
January 9, 2024 at 8:32 am
What is in that guys jacket?? Lol
@Smitty-op4ld
January 9, 2024 at 8:32 am
The best thing they can do is to hire skilled tradesmen from the union AND handymen, to be the material buyers do that who skilled workers and do it yourselfers go there, you actually can find what you're looking for instead of a refrigerator full of food that you can't make a meal out of. Hire more diverse, I mean physical diversity not just the same ethnicities with some of them homosexuals, because you can feel discomfort the moment you enter if you look different and in tired of trying to focus on what I'm trying to build and every Lowe's the workers stare and watch making it hard to think.
@christopherwilliams3293
January 9, 2024 at 8:32 am
Even though I have to drive past an HD to get to Lowes, it's worth it. HD has terrible people running it. I think one of its founders is almost 100 yrs old. He'll be in hell soon.
@dianakaintz9851
January 9, 2024 at 8:32 am
Do not want to hear ADS
@shootr1973
January 9, 2024 at 8:32 am
Very good job done in this video!
@hiren_bhatt
January 9, 2024 at 8:32 am
Did he say "Pet infestation" instead of "pest infestation"!?
@usernameisusername
January 9, 2024 at 8:32 am
This ad paid by lowes
@michaelsimpson2103
January 9, 2024 at 8:32 am
Lowe's is an older company and use to have a higher store count and sales. It is incorrect to represent Lowes as the underdog
@bldlightpainting
January 9, 2024 at 8:32 am
Anti-American big box stores like Lowe's and Home Depot are violating their employee's constitutional and human rights by forcing them to be injected with these new unsafe ineffective experimental drugs or they will fire them. #MyBodyMyChoice
@palehorse4447
January 9, 2024 at 8:32 am
Lowe’s is the worse store and now that Home Depot has the military program, bye bye Lowe’s.